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Finance Minister Arun Jaitley addressing a press conference in New Delhi. (Photo: PTI)

Up to 85% penalty on undisclosed income

Further, the declarants have to deposit 25 per cent of the undisclosed income in a scheme to be notified by the...

28 Nov 2016 4:06 PM IST

A stinging post amidst demonetisation woes (Photo: Facebook)

Ex-serviceman's terse take on demonetisation woes

The army man told a man defending the inconvenience to people that he should show patriotism for getting OROP and CPC...

28 Nov 2016 2:44 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Arun Jaitley introduces Income Tax Amendment Bill in LS to fight tax...

The Income Tax Amendment bill proposes a 30% tax on undisclosed income, plus 10% penalty as also a 33% surcharge.

28 Nov 2016 2:12 PM IST

A view of a deserted street during the Bharat Bandh called by Left parties against demonetization of high value currency notes, in Agartala on Monday. (Photo: PTI)

Oppn protests hit life in Kerala, Tripura; fail in Bengal

The bandh evoked a good response in Tripura with schools, colleges remaining closed and vehicles staying off the roads.

28 Nov 2016 1:51 PM IST

Former chief economic advisor Kaushik Basu.

Demonetisation likely to fail, says Kaushik Basu

Former chief economic adviser says measure poorly designed, with scant attention paid to laws of market.

28 Nov 2016 1:08 PM IST

Home Minister Rajnath Singh (Photo: PTI)

PM will attend LS, but speak on note ban only if needed: Rajnath

Congress leader in Lok Sabha Mallikarjun Kharge said that the week-long deadlock can only end when the PM comes for...

28 Nov 2016 12:53 PM IST

Representational Image (Photo: DC Archives)

Delhi HC verdit on Rs 2.5 lakh for wedding on Nov 29

Petition has sought an increase in Rs 2.5 lakh withdrawal ceiling given higher expenses for weddings.

28 Nov 2016 12:21 PM IST

Police personnel detain Youth Congress workers during a protest march against demonetization of Rs. 500 and 1000 notes, in Patna on Sunday. (Photo: PTI)

Cong ditches 'Bharat Bandh' for 'Jan Aakrosh' against note ban

Jammu and Kashmir CM Mehbooba Mufti however came out in strong support of the Modi government.

28 Nov 2016 12:09 PM IST

Opposition MPs meet in Parliament before the session begins on Monday. (Photo: ANI Twitter)

Modi must apologise to nation for note ban, says Oppn

Mayawati also said that the BJP must reveal the cash deposits made for the last 10 months as well as declare land bought...

28 Nov 2016 11:21 AM IST

Prime Minister Narendra Modi (Photo: PTI)

Note ban: Modi meets ministers before Parliament

Meanwhile, a meeting of the opposition parties is currently underway in Parliament to chalk out strategy.

28 Nov 2016 10:29 AM IST

Over 3,000 police personnel have been deployed in Kolkata to tackle any untoward incident. (Photo: ANI Twitter)

Note ban: Left-backed bandh has little impact in Bengal

The strike call by the Left Front has been opposed by the ruling TMC in West Bengal, and there was no disruption of...

28 Nov 2016 10:14 AM IST

Rahul Gandhi, Ghulam Nabi Azad and other opposition members during a protest against the demonetization of Rs 500 and Rs 1000 notes at Parliament house in New Delhi on Wednesday. (Photo: PTI)

Opposition divided over Bharat Bandh'; only a protest says Congress

Senior Congress leader Jairam Ramesh said no 'Bharat Bandh' has been called by the party which will hold nation-wide...

28 Nov 2016 7:59 AM IST